Hodges Capital Management Inc. Trims Stock Holdings in Kimball Electronics, Inc. (NASDAQ:KE)

Hodges Capital Management Inc. decreased its position in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 36.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 345,475 shares of the electronics maker's stock after selling 200,576 shares during the period. Hodges Capital Management Inc. owned approximately 1.40% of Kimball Electronics worth $6,395,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of KE. Dynamic Technology Lab Private Ltd boosted its holdings in Kimball Electronics by 289.1% in the third quarter. Dynamic Technology Lab Private Ltd now owns 35,533 shares of the electronics maker's stock worth $658,000 after acquiring an additional 26,402 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Kimball Electronics by 11.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 303,629 shares of the electronics maker's stock valued at $5,620,000 after purchasing an additional 29,993 shares during the period. American Century Companies Inc. increased its stake in Kimball Electronics by 39.7% during the 2nd quarter. American Century Companies Inc. now owns 198,560 shares of the electronics maker's stock valued at $4,364,000 after purchasing an additional 56,468 shares in the last quarter. Hsbc Holdings PLC acquired a new position in Kimball Electronics during the second quarter worth $210,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Kimball Electronics by 3.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 30,055 shares of the electronics maker's stock valued at $651,000 after buying an additional 889 shares in the last quarter. Institutional investors own 75.99% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on KE. Cantor Fitzgerald dropped their price target on shares of Kimball Electronics from $28.00 to $22.00 and set an "overweight" rating on the stock in a research report on Friday, August 16th. Sidoti downgraded Kimball Electronics from a "buy" rating to a "neutral" rating and set a $19.00 price target for the company. in a report on Thursday, August 15th. EF Hutton Acquisition Co. I cut Kimball Electronics from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 14th. B. Riley reduced their target price on shares of Kimball Electronics from $30.00 to $29.00 and set a "buy" rating for the company in a research note on Thursday, August 15th. Finally, Lake Street Capital lowered their target price on shares of Kimball Electronics from $25.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, August 15th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $23.25.

Kimball Electronics Stock Performance

Shares of NASDAQ KE traded down $0.10 during mid-day trading on Friday, reaching $19.07. 106,966 shares of the company's stock were exchanged, compared to its average volume of 99,745. The firm has a 50-day moving average price of $18.78 and a two-hundred day moving average price of $19.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.28 and a quick ratio of 1.30. The firm has a market capitalization of $470.67 million, a price-to-earnings ratio of 37.39 and a beta of 1.25. Kimball Electronics, Inc. has a 52 week low of $16.64 and a 52 week high of $27.73.

Kimball Electronics (NASDAQ:KE - Get Free Report) last released its earnings results on Monday, November 4th. The electronics maker reported $0.22 earnings per share for the quarter, meeting analysts' consensus estimates of $0.22. Kimball Electronics had a net margin of 0.78% and a return on equity of 5.63%. The firm had revenue of $374.26 million for the quarter, compared to analysts' expectations of $376.70 million. During the same period in the previous year, the company earned $0.43 earnings per share. Analysts predict that Kimball Electronics, Inc. will post 0.96 EPS for the current year.

Kimball Electronics Profile

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, and industrial end markets. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications.